The Health of the Economy in Every State When Trump Was President

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A lot has been written about the national economy during the time of President Biden’s predecessor, but the Trump economy you experienced had a lot to do with where you lived during his time in office.

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GOBankingRates looked at four key metrics from all 50 states and the District of Columbia using data from the State Economic Monitor, created by the Urban Institute’s State and Local Finance Initiative, a joint Urban-Brookings Tax Policy Center project.

The analysis examines the unemployment rate and average weekly earnings when Trump took office in January 2017 and when he left in January 2021, the year-over-year (YoY) home value percentage change in the first quarter of 2017 and the first quarter of 2021, and the state GDP from the first quarter of 2018 and the fourth quarter of 2020.

Here’s a snapshot of the health of the economy in every state when Trump was president.

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Alabama

• Unemployment rate in January 2017: 5.5%

• Unemployment rate in January 2021: 4.2%

• Average weekly earnings in January 2017: $1,031

• Average weekly earnings in January 2021: $1,135

• YoY home value percentage change in Q1 2017: 3.83%

• YoY home value percentage change in Q1 2021: 11.27%

• State GDP Q1 2018: $272 billion

• State GDP Q4 2020: $280 billion

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Alaska

• Unemployment rate in January 2017: 6.6%

• Unemployment rate in January 2021: 7.0%

• Average weekly earnings in January 2017: $1,260

• Average weekly earnings in January 2021: $1,302

• YoY home value percentage change in Q1 2017: 1.85%

• YoY home value percentage change in Q1 2021: 8.67%

• State GDP Q1 2018: $66 billion

• State GDP Q4 2020: $64 billion

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Arizona

• Unemployment rate in January 2017: 5.2%

• Unemployment rate in January 2021: 6.4%

• Average weekly earnings in January 2017: $1,113

• Average weekly earnings in January 2021: $1,178

• YoY home value percentage change in Q1 2017: 7.57%

• YoY home value percentage change in Q1 2021: 17.91%

• State GDP Q1 2018: $419 billion

• State GDP Q4 2020: $459 billion

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Arkansas

• Unemployment rate in January 2017: 3.8%

• Unemployment rate in January 2021: 4.9%

• Average weekly earnings in January 2017: $910

• Average weekly earnings in January 2021: $995

• YoY home value percentage change in Q1 2017: 3.48%

• YoY home value percentage change in Q1 2021: 12.07%

• State GDP Q1 2018: $158 billion

• State GDP Q4 2020: $164 billion

Story continues

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California

• Unemployment rate in January 2017: 5.2%

• Unemployment rate in January 2021: 8.7%

• Average weekly earnings in January 2017: $1,333

• Average weekly earnings in January 2021: $1,489

• YoY home value percentage change in Q1 2017: 7.22%

• YoY home value percentage change in Q1 2021: 14.20%

• State GDP Q1 2018: $3.34 trillion

• State GDP Q4 2020: $3.59 trillion

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Colorado

• Unemployment rate in January 2017: 2.6%

• Unemployment rate in January 2021: 6.3%

• Average weekly earnings in January 2017: $1,172

• Average weekly earnings in January 2021: $1,250

• YoY home value percentage change in Q1 2017: 9.86%

• YoY home value percentage change in Q1 2021: 13.12%

• State GDP Q1 2018: $443 billion

• State GDP Q4 2020: $471 billion

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Connecticut

• Unemployment rate in January 2017: 4.6%

• Unemployment rate in January 2021: 7.1%

• Average weekly earnings in January 2017: $1,365

• Average weekly earnings in January 2021: $1,384

• YoY home value percentage change in Q1 2017: 1.55%

• YoY home value percentage change in Q1 2021: 16.49%

• State GDP Q1 2018: $330 billion

• State GDP Q4 2020: $317 billion

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Delaware

• Unemployment rate in January 2017: 4.7%

• Unemployment rate in January 2021: 5.7%

• Average weekly earnings in January 2017: $1,076

• Average weekly earnings in January 2021: $1,123

• YoY home value percentage change in Q1 2017: 2.14%

• YoY home value percentage change in Q1 2021: 14.12%

• State GDP Q1 2018: $88 billion

• State GDP Q4 2020: $92 billion

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District of Columbia

• Unemployment rate in January 2017: 6.3%

• Unemployment rate in January 2021: 7.3%

• Average weekly earnings in January 2017: $1,912

• Average weekly earnings in January 2021: $2,231

• YoY home value percentage change in Q1 2017: 9.58%

• YoY home value percentage change in Q1 2021: 8.76%

• State GDP Q1 2018: $165 billion

• State GDP Q4 2020: $169 billion

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Florida

• Unemployment rate in January 2017: 4.7%

• Unemployment rate in January 2021: 5.9%

• Average weekly earnings in January 2017: $1,062

• Average weekly earnings in January 2021: $1,129

• YoY home value percentage change in Q1 2017: 9.24%

• YoY home value percentage change in Q1 2021: 13.62%

• State GDP Q1 2018: $1.28 trillion

• State GDP Q4 2020: $1.34 trillion

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Georgia

• Unemployment rate in January 2017: 5.2%

• Unemployment rate in January 2021: 4.8%

• Average weekly earnings in January 2017: $1,131

• Average weekly earnings in January 2021: $1,150

• YoY home value percentage change in Q1 2017: 7.21%

• YoY home value percentage change in Q1 2021: 13.67%

• State GDP Q1 2018: $719 billion

• State GDP Q4 2020: $747 billion

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Hawaii

• Unemployment rate in January 2017: 2.6%

• Unemployment rate in January 2021: 9.5%

• Average weekly earnings in January 2017: $1,123

• Average weekly earnings in January 2021: $1,275

• YoY home value percentage change in Q1 2017: 0.88%

• YoY home value percentage change in Q1 2021: 6.72%

• State GDP Q1 2018: $110 billion

• State GDP Q4 2020: $99 billion

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Idaho

• Unemployment rate in January 2017: 3.5%

• Unemployment rate in January 2021: 4.1%

• Average weekly earnings in January 2017: $953

• Average weekly earnings in January 2021: $1,062

• YoY home value percentage change in Q1 2017: 9.26%

• YoY home value percentage change in Q1 2021: 24.42%

• State GDP Q1 2018: $95 billion

• State GDP Q4 2020: $107 billion

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Illinois

• Unemployment rate in January 2017: 5.3%

• Unemployment rate in January 2021: 7.2%

• Average weekly earnings in January 2017: $1,182

• Average weekly earnings in January 2021: $1,279

• YoY home value percentage change in Q1 2017: 4.98%

• YoY home value percentage change in Q1 2021: 9.97%

• State GDP Q1 2018: $1.05 trillion

• State GDP Q4 2020: $1.02 trillion

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Indiana

• Unemployment rate in January 2017: 3.8%

• Unemployment rate in January 2021: 4.7%

• Average weekly earnings in January 2017: $1,093

• Average weekly earnings in January 2021: $1,126

• YoY home value percentage change in Q1 2017: 5.78%

• YoY home value percentage change in Q1 2021: 13.32%

• State GDP Q1 2018: $452 billion

• State GDP Q4 2020: $457 billion

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Iowa

• Unemployment rate in January 2017: 3.3%

• Unemployment rate in January 2021: 4.2%

• Average weekly earnings in January 2017: $1,020

• Average weekly earnings in January 2021: $1,090

• YoY home value percentage change in Q1 2017: 4.34%

• YoY home value percentage change in Q1 2021: 9.68%

• State GDP Q1 2018: $235 billion

• State GDP Q4 2020: $239 billion

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Kansas

• Unemployment rate in January 2017: 3.9%

• Unemployment rate in January 2021: 4.0%

• Average weekly earnings in January 2017: $1,019

• Average weekly earnings in January 2021: $1,087

• YoY home value percentage change in Q1 2017: 4.35%

• YoY home value percentage change in Q1 2021: 12.26%

• State GDP Q1 2018: $209 billion

• State GDP Q4 2020: $214 billion

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Kentucky

• Unemployment rate in January 2017: 5.1%

• Unemployment rate in January 2021: 4.6%

• Average weekly earnings in January 2017: $999

• Average weekly earnings in January 2021: $1,030

• YoY home value percentage change in Q1 2017: 5.28%

• YoY home value percentage change in Q1 2021: 11.66%

• State GDP Q1 2018: $251 billion

• State GDP Q4 2020: $259 billion

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Louisiana

• Unemployment rate in January 2017: 5.8%

• Unemployment rate in January 2021: 7.0%

• Average weekly earnings in January 2017: $1,055

• Average weekly earnings in January 2021: $1,125

• YoY home value percentage change in Q1 2017: 2.84%

• YoY home value percentage change in Q1 2021: 7.83%

• State GDP Q1 2018: $317 billion

• State GDP Q4 2020: $295 billion

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Maine

• Unemployment rate in January 2017: 3.5%

• Unemployment rate in January 2021: 4.4%

• Average weekly earnings in January 2017: $1,000

• Average weekly earnings in January 2021: $1,100

• YoY home value percentage change in Q1 2017: 5.06%

• YoY home value percentage change in Q1 2021: 15.72%

• State GDP Q1 2018: $79 billion

• State GDP Q4 2020: $86 billion

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Maryland

• Unemployment rate in January 2017: 4.1%

• Unemployment rate in January 2021: 6.3%

• Average weekly earnings in January 2017: $1,268

• Average weekly earnings in January 2021: $1,354

• YoY home value percentage change in Q1 2017: 3.33%

• YoY home value percentage change in Q1 2021: 13.21%

• State GDP Q1 2018: $489 billion

• State GDP Q4 2020: $481 billion

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Massachusetts

• Unemployment rate in January 2017: 3.8%

• Unemployment rate in January 2021: 6.9%

• Average weekly earnings in January 2017: $1,390

• Average weekly earnings in January 2021: $1,487

• YoY home value percentage change in Q1 2017: 5.57%

• YoY home value percentage change in Q1 2021: 13.47%

• State GDP Q1 2018: $648 billion

• State GDP Q4 2020: $682 billion

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Michigan

• Unemployment rate in January 2017: 4.8%

• Unemployment rate in January 2021: 6.5%

• Average weekly earnings in January 2017: $1,092

• Average weekly earnings in January 2021: $1,169

• YoY home value percentage change in Q1 2017: 7.26%

• YoY home value percentage change in Q1 2021: 12.99%

• State GDP Q1 2018: $623 billion

• State GDP Q4 2020: $627 billion

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Minnesota

• Unemployment rate in January 2017: 3.8%

• Unemployment rate in January 2021: 4.4%

• Average weekly earnings in January 2017: $1,238

• Average weekly earnings in January 2021: $1,331

• YoY home value percentage change in Q1 2017: 6.33%

• YoY home value percentage change in Q1 2021: 11.25%

• State GDP Q1 2018: $444 billion

• State GDP Q4 2020: $449 billion

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Mississippi

• Unemployment rate in January 2017: 5.6%

• Unemployment rate in January 2021: 6.5%

• Average weekly earnings in January 2017: $927

• Average weekly earnings in January 2021: $920

• YoY home value percentage change in Q1 2017: 2.58%

• YoY home value percentage change in Q1 2021: 9.64%

• State GDP Q1 2018: $140 billion

• State GDP Q4 2020: $143 billion

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Missouri

• Unemployment rate in January 2017: 4.2%

• Unemployment rate in January 2021: 4.9%

• Average weekly earnings in January 2017: $1,021

• Average weekly earnings in January 2021: $1,089

• YoY home value percentage change in Q1 2017: 3.62%

• YoY home value percentage change in Q1 2021: 12.83%

• State GDP Q1 2018: $382 billion

• State GDP Q4 2020: $397 billion

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Montana

• Unemployment rate in January 2017: 4.2%

• Unemployment rate in January 2021: 4.0%

• Average weekly earnings in January 2017: $958

• Average weekly earnings in January 2021: $1,008

• YoY home value percentage change in Q1 2017: 4.87%

• YoY home value percentage change in Q1 2021: 15.12%

• State GDP Q1 2018: $63 billion

• State GDP Q4 2020: $67 billion

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Nebraska

• Unemployment rate in January 2017: 3.1%

• Unemployment rate in January 2021: 2.9%

• Average weekly earnings in January 2017: $1,044

• Average weekly earnings in January 2021: $1,085

• YoY home value percentage change in Q1 2017: 6.71%

• YoY home value percentage change in Q1 2021: 12.29%

• State GDP Q1 2018: $156 billion

• State GDP Q4 2020: $163 billion

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Nevada

• Unemployment rate in January 2017: 5.4%

• Unemployment rate in January 2021: 8.9%

• Average weekly earnings in January 2017: $999

• Average weekly earnings in January 2021: $1,085

• YoY home value percentage change in Q1 2017: 7.70%

• YoY home value percentage change in Q1 2021: 12.76%

• State GDP Q1 2018: $206 billion

• State GDP Q4 2020: $209 billion

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New Hampshire

• Unemployment rate in January 2017: 2.9%

• Unemployment rate in January 2021: 4.2%

• Average weekly earnings in January 2017: $1,172

• Average weekly earnings in January 2021: $1,231

• YoY home value percentage change in Q1 2017: 8.29%

• YoY home value percentage change in Q1 2021: 16.15%

• State GDP Q1 2018: $100 billion

• State GDP Q4 2020: $105 billion

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New Jersey

• Unemployment rate in January 2017: 4.6%

• Unemployment rate in January 2021: 7.3%

• Average weekly earnings in January 2017: $1,293

• Average weekly earnings in January 2021: $1,352

• YoY home value percentage change in Q1 2017: 2.58%

• YoY home value percentage change in Q1 2021: 14.31%

• State GDP Q1 2018: $732 billion

• State GDP Q4 2020: $741 billion

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New Mexico

• Unemployment rate in January 2017: 6.7%

• Unemployment rate in January 2021: 8.2%

• Average weekly earnings in January 2017: $915

• Average weekly earnings in January 2021: $987

• YoY home value percentage change in Q1 2017: 5.61%

• YoY home value percentage change in Q1 2021: 11.63%

• State GDP Q1 2018: $116 billion

• State GDP Q4 2020: $120 billion

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New York

• Unemployment rate in January 2017: 4.7%

• Unemployment rate in January 2021: 8.6%

• Average weekly earnings in January 2017: $1,305

• Average weekly earnings in January 2021: $1,392

• YoY home value percentage change in Q1 2017: 4.76%

• YoY home value percentage change in Q1 2021: 12.84%

• State GDP Q1 2018: $2.01 trillion

• State GDP Q4 2020: $2.03 trillion

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North Carolina

• Unemployment rate in January 2017: 4.9%

• Unemployment rate in January 2021: 5.6%

• Average weekly earnings in January 2017: $1,052

• Average weekly earnings in January 2021: $1,330

• YoY home value percentage change in Q1 2017: 5.42%

• YoY home value percentage change in Q1 2021: 14.06%

• State GDP Q1 2018: $675 billion

• State GDP Q4 2020: $707 billion

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North Dakota

• Unemployment rate in January 2017: 2.9%

• Unemployment rate in January 2021: 4.0%

• Average weekly earnings in January 2017: $1,143

• Average weekly earnings in January 2021: $1,106

• YoY home value percentage change in Q1 2017: 0.54%

• YoY home value percentage change in Q1 2021: 6.83%

• State GDP Q1 2018: $73 billion

• State GDP Q4 2020: $70 billion

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Ohio

• Unemployment rate in January 2017: 5.3%

• Unemployment rate in January 2021: 6.0%

• Average weekly earnings in January 2017: $1,069

• Average weekly earnings in January 2021: $1,104

• YoY home value percentage change in Q1 2017: 5.84%

• YoY home value percentage change in Q1 2021: 13.50%

• State GDP Q1 2018: $813 billion

• State GDP Q4 2020: $839 billion

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Oklahoma

• Unemployment rate in January 2017: 4.4%

• Unemployment rate in January 2021: 5.0%

• Average weekly earnings in January 2017: $1,031

• Average weekly earnings in January 2021: $1,035

• YoY home value percentage change in Q1 2017: 3.83%

• YoY home value percentage change in Q1 2021: 10.89%

• State GDP Q1 2018: $244 billion

• State GDP Q4 2020: $240 billion

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Oregon

• Unemployment rate in January 2017: 4.1%

• Unemployment rate in January 2021: 6.4%

• Average weekly earnings in January 2017: $1,122

• Average weekly earnings in January 2021: $1,175

• YoY home value percentage change in Q1 2017: 8.60%

• YoY home value percentage change in Q1 2021: 14.5%

• State GDP Q1 2018: $283 billion

• State GDP Q4 2020: $294 billion

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Pennsylvania

• Unemployment rate in January 2017: 5.2%

• Unemployment rate in January 2021: 7.4%

• Average weekly earnings in January 2017: $1,097

• Average weekly earnings in January 2021: $1,147

• YoY home value percentage change in Q1 2017: 4.20%

• YoY home value percentage change in Q1 2021: 11.78%

• State GDP Q1 2018: $925 billion

• State GDP Q4 2020: $916 billion

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Rhode Island

• Unemployment rate in January 2017: 4.6%

• Unemployment rate in January 2021: 6.6%

• Average weekly earnings in January 2017: $1,131

• Average weekly earnings in January 2021: $1,205

• YoY home value percentage change in Q1 2017: 6.77%

• YoY home value percentage change in Q1 2021: 15.47%

• State GDP Q1 2018: $72 billion

• State GDP Q4 2020: $73 billion

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South Carolina

• Unemployment rate in January 2017: 4.4%

• Unemployment rate in January 2021: 4.6%

• Average weekly earnings in January 2017: $1,026

• Average weekly earnings in January 2021: $1,112

• YoY home value percentage change in Q1 2017: 5.11%

• YoY home value percentage change in Q1 2021: 12.26%

• State GDP Q1 2018: $283 billion

• State GDP Q4 2020: $295 billion

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South Dakota

• Unemployment rate in January 2017: 3.1%

• Unemployment rate in January 2021: 2.9%

• Average weekly earnings in January 2017: $963

• Average weekly earnings in January 2021: $1,024

• YoY home value percentage change in Q1 2017: 3.36%

• YoY home value percentage change in Q1 2021: 14.67%

• State GDP Q1 2018: $68 billion

• State GDP Q4 2020: $70 billion

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Tennessee

• Unemployment rate in January 2017: 4.6%

• Unemployment rate in January 2021: 5.4%

• Average weekly earnings in January 2017: $1,043

• Average weekly earnings in January 2021: $1,098

• YoY home value percentage change in Q1 2017: 6.74%

• YoY home value percentage change in Q1 2021: 14.79%

• State GDP Q1 2018: $443 billion

• State GDP Q4 2020: $466 billion

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Texas

• Unemployment rate in January 2017: 4.8%

• Unemployment rate in January 2021: 6.7%

• Average weekly earnings in January 2017: $1,179

• Average weekly earnings in January 2021: $1,181

• YoY home value percentage change in Q1 2017: 6.68%

• YoY home value percentage change in Q1 2021: 11.97%

• State GDP Q1 2018: $2.16 trillion

• State GDP Q4 2020: $2.27 trillion

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Utah

• Unemployment rate in January 2017: 3.2%

• Unemployment rate in January 2021: 3.4%

• Average weekly earnings in January 2017: $1,133

• Average weekly earnings in January 2021: $1,195

• YoY home value percentage change in Q1 2017: 7.99%

• YoY home value percentage change in Q1 2021: 19.38%

• State GDP Q1 2018: $220 billion

• State GDP Q4 2020: $249 billion

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Vermont

• Unemployment rate in January 2017: 3.1%

• Unemployment rate in January 2021: 4.4%

• Average weekly earnings in January 2017: $1,053

• Average weekly earnings in January 2021: $1,119

• YoY home value percentage change in Q1 2017: 7.18%

• YoY home value percentage change in Q1 2021: 10.90%

• State GDP Q1 2018: $40 billion

• State GDP Q4 2020: $41 billion

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Virginia

• Unemployment rate in January 2017: 4.0%

• Unemployment rate in January 2021: 4.8%

• Average weekly earnings in January 2017: $1,253

• Average weekly earnings in January 2021: $1,250

• YoY home value percentage change in Q1 2017: 3.38%

• YoY home value percentage change in Q1 2021: 11.46%

• State GDP Q1 2018: $625 billion

• State GDP Q4 2020: $651 billion

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Washington

• Unemployment rate in January 2017: 4.8%

• Unemployment rate in January 2021: 6.4%

• Average weekly earnings in January 2017: $1,418

• Average weekly earnings in January 2021: $1,452

• YoY home value percentage change in Q1 2017: 10.62%

• YoY home value percentage change in Q1 2021: 16.14%

• State GDP Q1 2018: $655 billion

• State GDP Q4 2020: $715 billion

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West Virginia

• Unemployment rate in January 2017: 5.4%

• Unemployment rate in January 2021: 6.1%

• Average weekly earnings in January 2017: $976

• Average weekly earnings in January 2021: $1,046

• YoY home value percentage change in Q1 2017: 1.02%

• YoY home value percentage change in Q1 2021: 11.60%

• State GDP Q1 2018: $94 billion

• State GDP Q4 2020: $92 billion

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Wisconsin

• Unemployment rate in January 2017: 3.5%

• Unemployment rate in January 2021: 4.7%

• Average weekly earnings in January 2017: $1,071

• Average weekly earnings in January 2021: $1,116

• YoY home value percentage change in Q1 2017: 5.54%

• YoY home value percentage change in Q1 2021: 11.46%

• State GDP Q1 2018: $402 billion

• State GDP Q4 2020: $406 billion

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Wyoming

• Unemployment rate in January 2017: 4.8%

• Unemployment rate in January 2021: 5.3%

• Average weekly earnings in January 2017: $1,021

• Average weekly earnings in January 2021: $1,095

• YoY home value percentage change in Q1 2017: 0.78%

• YoY home value percentage change in Q1 2021: 8.51%

• State GDP Q1 2018: $48 billion

• State GDP Q4 2020: $45 billion

All data was pulled on and is accurate as of June 26, 2024.

Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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This article originally appeared on GOBankingRates.com: The Health of the Economy in Every State When Trump Was President